Charter Deal With TWC More Likely to Get Approval Than Comcast

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Gautham Nagesh And Joe Flint A Charter Communications Inc. merger with Time Warner Cable Inc. stands a better shot at regulatory approval than Comcast's ill-fated attempt to purchase the cable giant last year, according to cable-industry analysts and executives. ...

Amazon Changes Tax Practices in Europe

TODAY: May 26, 2015 PUB DATE: May 26, 2015

Amazon.com Inc. has started booking revenue from retail sales in individual European countries, instead of funneling all sales through low-tax Luxembourg, amid intense scrutiny of corporate tax practices in Europe. The change was made effective May 1, a company spokesman ...

European Stocks Down on Greek Debt Fears

TODAY: May 26, 2015 PUB DATE: May 26, 2015

European stocks ended lower Monday, weighed down by concerns about the state of Greece's finances and political instability in Spain. Over the weekend Greece raised doubts that it would have the money it is due to repay to the International ...

Hong Kong Shares Jump on Hopes for China Link

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Chao Deng Shares in Hong Kong played catch-up with the rally in mainland stocks after news that China will soon launch a link allowing Hong Kong and mainland asset managers to sell funds to retail investors on either side. ...

Fed's Fischer Sees Short-Term Rate at 3.25%-4% in Three to Four Years

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Joshua Mitnick HERZLIYA, Israel---Federal Reserve Vice Chairman Stanley Fischer said Monday the central bank expects to follow a "gradual and relatively slow" trajectory of short-term interest-rate increases over the next three to four years to bring borrowing costs back ...

Singapore Economy Grew Faster Than Previously Estimated in First Quarter

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore's economy expanded faster than previously estimated in the first quarter as growth in construction and retail trade outweighed a contraction in manufacturing. Gross domestic product for the three months to March 31 grew 3.2% on a ...

UBS Withdraws From Australian Wealth-Management Business -- Update

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Robb M. Stewart MELBOURNE, Australia--UBS AG said it plans to withdraw from its Australian wealth-management business, leaving senior employees to strike out on their own following a management buyout. The Swiss bank said Tuesday it made the decision to ...

China Nuclear Firm Plans Biggest Domestic IPO in 5 Years

TODAY: May 26, 2015 PUB DATE: May 26, 2015

China National Nuclear Power Corp., one of the top two state nuclear-power giants, will raise as much as $2.16 billion in what is set to be the country's largest domestic initial public offering in five years. CNNPC plans to sell ...

Hong Kong Shares Jump on Hopes for China Link

TODAY: May 26, 2015 PUB DATE: May 26, 2015

Shares in Hong Kong played catch-up with the rally in mainland stocks after news that China will soon launch a link allowing Hong Kong and mainland asset managers to sell funds to retail investors on either side. Chinese firms trading ...

African Economies to Gather Pace

TODAY: May 26, 2015 PUB DATE: May 26, 2015

NAIROBI—Africa's fitful and uneven economic growth will gain momentum this year and next, three prominent organizations said in a joint report released on Monday. On average, the continent's economies will grow 4.5% in 2015 and 5% in 2016, according to ...

Suntory to Swallow Japan Tobacco's Drinks Business

TODAY: May 26, 2015 PUB DATE: May 26, 2015

TOKYO—Suntory Beverage & Food Ltd. plans to buy the soft-drinks operations of Japan Tobacco Inc. for ¥150 billion ($1.2 billion) after the cigarette maker decided to cut its losses in the beverage business. The food-and-beverage unit of Jim Beam owner ...

Singapore's Manufacturing Output Falls in April

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore's manufacturing output declined in April as the export-dependent nation continues to struggle with sluggish external demand and as its pharmaceutical sector saw production levels fall more sharply. Manufacturing output declined 8.7% year-over-year in April, compared with ...

China to Trim Tariffs in Bid to Fashion Spending Spree

TODAY: May 26, 2015 PUB DATE: May 26, 2015

BEIJING—China slashed import duties on goods ranging from shoes to cosmetics to boost spending at home, where the economy is slowing and high taxes often prompt consumers to shop abroad. The Ministry of Finance said Monday that it would cut ...

CFOs Seek to Avoid Bite of Health Law's 'Cadillac Tax'

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Kimberly S. Johnson And Maxwell Murphy Finance chiefs grappling with rising health-care costs face a new dilemma: how to avoid paying hefty taxes on generous employee health-care plans. The Affordable Care Act calls for an excise tax on high-cost ...

Greece Sees 'Compelling Need' to Reach Creditor Deal

TODAY: May 26, 2015 PUB DATE: May 26, 2015

ATHENS—The Greek government has the responsibility to repay its obligations both internally and to its international creditors, but a deal with its international creditors is needed as quickly as possible, a government spokesman said Monday. "There is a compelling need ...

UBS to Withdraw From Australian Wealth-Management Business

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Robb M. Stewart MELBOURNE, Australia--UBS AG plans to withdraw from its Australian wealth-management business following a review of the operation, the Swiss bank said Tuesday. Alain Robert, global vice-chairman of wealth management at UBS, in a statement said the ...

China Construction Bank Named Yuan-Clearing Bank in Chile

TODAY: May 26, 2015 PUB DATE: May 26, 2015

BEIJING--China's central bank said late Monday it has designated China Construction Bank Corp. (0939.HK), the nation's second-largest lender by assets, as the yuan-clearing bank in Chile. The central bank made the announcement in a statement on its website, without providing ...

Samsung Heir Apparent Consolidates Power

TODAY: May 26, 2015 PUB DATE: May 26, 2015

SEOUL—Samsung Group took a major step in its transition to new leadership, as it moved to merge its de facto holding company and Samsung's original construction and trading company. The all-stock merger announced Tuesday will combine Cheil Industries Inc. and ...